revenue bond

noun

Definition of revenue bond

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

Recent Examples on the Web The university’s most recent financial statement, for the 2018-19 fiscal year, states the university in that year paid about $14.5 million in principal and interest in debt service for five athletic facilities revenue bond issues. Jaime Adame, Arkansas Online, "UA board to consider loan of up to $19.1M for athletic department," 8 Sep. 2020 Funding would come from a revenue bond that would be repaid over time through school energy bill savings, according to the coalition. Danielle Echeverria, SFChronicle.com, "Solar energy feeling the heat as Bay Area faces blackouts," 18 Aug. 2020 The bonds could be used to acquire goods, materials, real and personal property, structures and supplies eligible for revenue bond financing. Karen Huppertz, ajc, "Snellville supports one state bill, opposes another," 17 Mar. 2020 The 2019 Legislature did not authorize university tuition revenue bonds, killing A&M San Antonio’s $53 million request for funding to build an academic and library building. Brittany Britto, ExpressNews.com, "With coronavirus-driven funding cuts looming, San Antonio’s state universities slow spending," 28 Apr. 2020 The detention basin was included in a list of projects when city council approved Storm Water revenue bonds in 2016, after the Proscenium project was approved. Kaitlin Lange, Indianapolis Star, "Proscenium construction caused $60,000 in flooding damage to a Carmel business, owner says," 31 Mar. 2020 In January, the Antioch City Council voted to approve Reliant for a revenue bond that would allow them to finance and renovate Villa Medanos Apartments, an affordable multifamily, 114-unit building. Sarah Ravani, SFChronicle.com, "East Bay tenants face eviction as developer converts units to affordable housing," 1 Sep. 2019 Interior Gas Utility board members started an April 21 work session intending to vote on a resolution authorizing up to $78 million in revenue bonds to fund expansion of the utility’s small Titan LNG plant at Point MacKenzie in Southcentral Alaska. Elwood Brehmer, Anchorage Daily News, "Bond sale paused for $330 million Interior Energy Project," 23 Apr. 2020 Sandy Springs has laid the groundwork for refinancing more than $150 million in revenue bonds issued in 2015 for the City Center project. David Ibata, ajc, "Sandy Springs advances $151M bond refinancing," 22 Apr. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'revenue bond.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of revenue bond

1856, in the meaning defined above

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Time Traveler

The first known use of revenue bond was in 1856

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Cite this Entry

“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 22 Jan. 2021.

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More Definitions for revenue bond

revenue bond

Legal Definition of revenue bond

— see bond sense 2

More from Merriam-Webster on revenue bond

Britannica.com: Encyclopedia article about revenue bond

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